Diggines departs Provexis board

JONATHAN Diggines, chief executive of early stage private equity investor Enterprise Ventures, has stepped down from his board position at Provexis.

The biotech firm, which is developing medical food and dietary supplement technologies, said Mr Diggines was leaving the board with immediate effect.

In a statement chairman Dawson Buck said: “The board would like to thank Jonathan Diggines for his contribution to the business over a period of considerable change, and wishes him well in his future.” Enterprise Ventures would not comment on the move.

Mr Diggines took a non-executive position with Provexis in April 2007, five years after Enterprise invested in the company through its Rising Stars seed fund. In 2005 the business listed on the Alternative Investment Market following a reverse takeover by Nutrinnovator.

Preston-based Enterprise, which also has offices in Leeds and Manchester, holds 14% of Provexis through Rising Stars. It manages several other funds including the Lancashire Rosebud fund and the Coalfields Enterprise Fund.

Provexis has its headquarters in Windsor but operates its research and development base in Liverpool.